Stock market today: Dow, S&P 500, Nasdaq end little changed as Wall Street's Fed rate cut conviction runs high

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• Traders pricing in 87% probability of 25 basis point rate cut on Thursday afternoon, down from 90% on Wednesday but up from 83.4% a week ago

  80% confidence

• Traders pricing in 89% probability of Fed rate cut in December

  80% confidence

• Netflix argued that bundling its offerings with HBO would help lower costs for consumers

  80% confidence

• Sentiment toward food retailers seems to have soured a bit over the past few months, including for Kroger

  80% confidence

• Bond investors told US Treasury they are concerned about Kevin Hassett's potential appointment as Fed chair, worrying he will cut rates aggressively to please Trump

  80% confidence

• Some senior bond market participants would have preferred Rick Rieder or Christopher Waller as Fed chair candidates, seen as more independent from Trump than Hassett

  80% confidence

• The consumer and competitive environment has grown notably tougher for food retailers

  80% confidence

• Mark Zuckerberg planning to cut up to 30% of Meta's metaverse budget

  80% confidence

• US Treasury solicited feedback on Hassett and other Fed chair candidates in conversations with major Wall Street banks, asset management giants and big debt market players

  80% confidence

• Five Below has seen really nice traffic growth and growth in both new customers as well as retention

  80% confidence

• Trump called Jerome Powell a 'stubborn mule' for the central bank's decision to only modestly lower borrowing costs this year

  80% confidence

• Growth driven by expansion of value concept; roughly 80% of assortment is $5 and below with focus on value at $7, $10, $15

  80% confidence

• K-shaped economy may hold up despite having investors on edge

  80% confidence

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